Consolidating federal and private student loans
Combining the wrong federal loans could result in borrowers not being eligible for preferred repayment plans.
Anyone considering federal direct consolidation should be sure to understand the pros and the cons of the process.
Our student loan consolidation company list has links to the various lender application forms.
All loans are eligible for private loan consolidation, even federal.Given the huge differences between private consolidation and federal consolidation, it shouldn’t be much of a surprise that starting each process is dramatically different.Federal Direct Consolidation – The Department of Education handles all federal student loan consolidation requests.Finally, you can only consolidate federal student loans into a federal loan consolidation.If you are hoping to convert your private loans into federal loans to get on IBR or qualify for student loan forgiveness, you are out of luck.